KBC Group NV Acquires Shares of 101,175 American Superconductor Co. (NASDAQ:AMSC)

KBC Group NV bought a new stake in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 101,175 shares of the technology company's stock, valued at approximately $2,492,000. KBC Group NV owned approximately 0.26% of American Superconductor as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC bought a new stake in shares of American Superconductor in the 3rd quarter worth approximately $57,000. Quest Partners LLC purchased a new position in American Superconductor in the 3rd quarter worth approximately $88,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in American Superconductor during the third quarter valued at about $277,000. PFG Investments LLC bought a new stake in American Superconductor in the 4th quarter worth approximately $280,000. Finally, Precision Wealth Strategies LLC bought a new position in shares of American Superconductor during the 3rd quarter valued at $300,000. Hedge funds and other institutional investors own 52.28% of the company's stock.

American Superconductor Trading Up 0.8 %

NASDAQ:AMSC traded up $0.20 during trading hours on Wednesday, reaching $25.52. The company had a trading volume of 1,468,524 shares, compared to its average volume of 951,043. The firm's 50 day moving average price is $27.77 and its 200-day moving average price is $25.45. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -510.30 and a beta of 2.26. American Superconductor Co. has a 52 week low of $10.19 and a 52 week high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 8.29%. On average, analysts forecast that American Superconductor Co. will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price target on shares of American Superconductor from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.